FormFactor, Inc. (NASDAQ:FORM) Receives Consensus Rating of “Hold” from Analysts

Shares of FormFactor, Inc. (NASDAQ:FORM) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $39.67.

A number of research analysts have recently weighed in on the company. StockNews.com assumed coverage on FormFactor in a research report on Thursday, October 5th. They set a “hold” rating on the stock. DA Davidson boosted their target price on FormFactor from $32.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Craig Hallum upped their price objective on FormFactor from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Stifel Nicolaus upped their price objective on FormFactor from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, Needham & Company LLC upped their target price on FormFactor from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th.

FormFactor Price Performance

NASDAQ FORM opened at $38.56 on Thursday. FormFactor has a one year low of $20.94 and a one year high of $39.51. The stock has a 50-day moving average of $34.00 and a 200 day moving average of $32.76. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of -428.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.05 and a current ratio of 3.91.

Insider Activity

In other news, CFO Shai Shahar sold 10,986 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $35.02, for a total value of $384,729.72. Following the transaction, the chief financial officer now directly owns 107,933 shares of the company’s stock, valued at $3,779,813.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Shai Shahar sold 10,986 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $35.02, for a total transaction of $384,729.72. Following the sale, the chief financial officer now directly owns 107,933 shares of the company’s stock, valued at $3,779,813.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dennis Thomas St sold 3,792 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $38.24, for a total value of $145,006.08. Following the sale, the director now directly owns 38,701 shares in the company, valued at $1,479,926.24. The disclosure for this sale can be found here. Corporate insiders own 1.03% of the company’s stock.

Institutional Investors Weigh In On FormFactor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FORM. Belpointe Asset Management LLC lifted its holdings in FormFactor by 170.1% during the 1st quarter. Belpointe Asset Management LLC now owns 1,086 shares of the semiconductor company’s stock worth $35,000 after buying an additional 684 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of FormFactor during the 1st quarter worth approximately $63,000. Harbor Capital Advisors Inc. purchased a new position in shares of FormFactor during the 2nd quarter worth approximately $67,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in FormFactor in the 3rd quarter valued at approximately $70,000. Finally, Tower Research Capital LLC TRC increased its stake in FormFactor by 247.3% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,487 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 1,771 shares in the last quarter. Institutional investors and hedge funds own 93.64% of the company’s stock.

About FormFactor

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions. It operates in two segments, Probe Cards and Systems. The company offers probe cards to test various semiconductor device types, including systems on a chip products, mobile application processors, microprocessors, microcontrollers, and graphic processors, as well as radio frequency, analog, mixed signal, image sensor, electro-optical, dynamic random access memory, NAND flash memory, and NOR flash memory devices; and analytical probes, which are used for a range of applications, including device characterization, electrical simulation model development, failure analysis, and prototype design debugging for universities, research institutions, semiconductor integrated device manufacturers, semiconductor foundries, and fabless semiconductor companies.